Fox News Nearing Decision on Roger Ailes, Departure Likely: Sources

Ailes has been with the network since its launch in 1996

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Security stands in front of Fox News chairman Roger Ailes as he leaves the News Corp building, July 19, 2016 in New York City. (Photo by Drew Angerer/Getty Images)

Fox News Channel is nearing a decision on CEO Roger Ailes' future at the network, sources familiar with the matter said Tuesday evening, amid allegations of sexual harassment by a former network anchor.

21st Century Fox, which owns the network, disputed reports Tuesday that a decision had been reached, saying in a statement: Roger is at work. The review is ongoing. The only agreement that is in place is his existing employment agreement."

But sources told CNBC that Fox is nearing a decision, and the decision is likely to result in his departure from the network.

Ailes, who has been with the network since its launch in 1996 and has been credited with building the it into a powerhouse, was accused of sexual harassment in a lawsuit filed earlier this month by former Fox News host Gretchen Carlson.